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| Corn-With a + million more acres, and feed demand overstated, and exports understated the net effect is still for a 250 increase in ending stocks for 18/19 and that is if they don't change yield.
Market went sideways instead of up because of this. Yield went down 3 bushels according to my price/ yield model the last 2 weeks. I think its about right for now. Beans still alot of unknowns with demand and supply.
The big scare is that they slash exports 250 million bushel to be in line with this years exports instead of 2290 they have now(HAHA). Most likely end up 100 or 200 million less than that if China doesnt come back till late next year. | |
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Market trading 177 corn and 48 beans
